Thread regarding Charles Schwab Corp. layoffs

Thank you STS Leadership! You did great!

What amazes me most about Schwabtards is the arrogance. They think that Green side is bitter. No, we’re just disappointed that we weren’t given the opportunity to make Schwab great. TDA did everything better than Schwab on tech side, with way less people. Classic example of a few smart people working together vs the fiefdoms at Schwab protecting territory and pontificating nonsense (that’s pointed at you, Tim Heier). We really wanted to play a part in the integration and help Schwab win, we really did. But, you treated us like a conquered bunch of peons and did everything you can to cast us aside. So we’re leaving in droves and landing way better opportunities. In the end, this is sort of Thank You letter. Thanks for being such a bunch of D I C K S on day 1. Glad you made it abundantly clear from start we weren’t welcome. I’m making way more money (even with the paltry 6% bump you gave me last month), and working with people that appreciate me. It’s going to be fun watching karma catch up to Dennis and his a s s clowns. I truly feel sorry for TDA’s clients. I wish I had the opportunity to continue providing them with the service they deserve.

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Post ID: @OP+1eeqWr9g

12 replies (most recent on top)

Remember TDA folks you were acquired....it was a good business opportunity ....of course there will be sorrow and those pi$$ed off....move on to the big bucks as you claim and stop holding a grudge. The minions didn't design all this - it was the brain child of those above all of us...and perhaps they didn't think thru everything...

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Post ID: @xeqy+1eeqWr9g

OP spot on. I quit this week. on to "greener" pastures.

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Post ID: @7cfx+1eeqWr9g

The only thing the poster nailed is his sister. Ewwwww. Yeah, he nailed her alright.

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Post ID: @7txt+1eeqWr9g

This poster nailed it. There's nothing wrong w/ saying "I\We can do better". But those words, in that order, will never be uttered by Schwab Blue technology leadership. Good leaders are candid, own their flaws as much as they do their strengths, and recognize\embrace talent when they see it. They don't marginalize it or feel threatened by it like Schwab Blue technology leadership did.

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Post ID: @6pjo+1eeqWr9g

Just take a look at STS leadership. Who would want to follow them? Dennis has no idea what's going on. Leadership is not empowered. Dennis has weekly signing meetings to approve $1K spend. What a joke. CTO has been with company 20+ years and complains incessantly about technology. Ummm, you built it dummy. Sure Schwab will survive, it's just not a fun place to work with all the dummies and bureaucracy. CD1 will happen in about 5 years time best case. They will have their hands full once mass exodus of green side completes mid next year. On to greener pastures.

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Post ID: @3kth+1eeqWr9g

I think it’s fair to say OP is very frustrated. There’s some good reason for it but I wouldn’t generalize that comment or word choice as what they think of all Schwab Blue. That or what all of Schwab Green thinks. Most of that seems directed at leadership.

What’s most telling for me is how much of TDA leadership is left, which is to say, hardly any. I’m not one of them, but it’s probably accurate that people like Beck, Coogan, Dominguez, and etc weren’t offered a seat at the table and decided to take an exit package instead of being sidelined. How much of Schwab leadership was displaced by TDA? None? That is Schwabs prerogative, but I would find it hard to believe that it had anything to do with experience or ability. People like Tom B and Tom S are temporary structures to retain people and keep the lights on at TDA. Their orgs don’t exist in the long term vision.

It’s not really about best in class, it’s about power and control. Schwab wants the Big 5, but none of the leaders, people, processes, or culture that cultivated and built them. This integration could have been so much better, it’s disappointing. You won’t be successful in an environment based on bureaucracy, kingdom building, politics, and tenure. There’s honestly no real path forward for Schwab Green here. Not like there was at TDA. Your thoughts and opinions will always be second or third class, they will never matter like they did. You will never be as empowered as you were to make decisions and deliver results. Most of Schwab Blue outside of leadership are great people, this is nothing against them and I wouldn’t expect them to understand Schwab Green’s position.

Schwab Green, your best option for any sort of personal growth and development like you had is to leave the company. Do you really want to be working on mind numbing integration work for the next decade anyways? Think of all the growth you could get doing something else. Best of luck Schwab Green, it was a pleasure 💚.

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Post ID: @2rid+1eeqWr9g

Schwabtards? Guess that shows the sentiment and arrogance of Green. Sad that we can’t all just get along. Blue here. I’ve worked with both brilliant blue and green folks. Sure there are slackers, and you get some with attitudes. But so far In my world, we seem to all get along. ,ya e that’s just just a facade. But we’re just focused on our deliverables, taking it one step at a time marching towards our goals. Whether we get there in the end or not such as CD1 on schedule is up in the air. But the how you take the journey and how you treat each other counts a lot for me.

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Post ID: @1bja+1eeqWr9g

March 4th 2022 is the bonus payout date.

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Post ID: @1nai+1eeqWr9g

‘This is how we did it with Options Express’ ‘This is how we did it with USAA’ We are integrating Motif. So many products disappeared into the Schwabiness. One big platform that does nothing well.

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Post ID: @1rki+1eeqWr9g

I'm not OP, but this post is spot on. I'm still here but my Blue teammates still give off this vibe every meeting. I'm not bitter, I just can't believe they are so childish especially when they need so much help. Like others on the board, I'll be gone come March.

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Post ID: @kah+1eeqWr9g

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